Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:First Trust Expands Its Lead Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 14, 2020

First Trust Expands Its Lead

Reported by Neil Anderson, Managing Editor

A midwestern ETF widened its lead last month among midsize fund firms.

This article draws from Morningstar Direct data on January 2020 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds. More specifically, this article focuses on the 79 firms (down from 81 in December) with between $10 billion and $100 billion each in fund AUM. 37 of those firms gained net inflows in January (up from 35 in December).

First Trust stayed on top of the pack, bringing in an estimated $2.082 billion in net inflows in January, up from $1.393 billion in December. Other big January inflows winners included: Baird, $1.294 billion (up from $1.041 billion); Morgan Stanley, $1.257 billion (up from $3 million); DoubleLine, $879 million (up from $112 million in net outflows); and AllianceBernstein, $690 million (down from $716 million).

Proportionately, Raffery's Direxion led the midsize fund firm pack last month, with estimated net January inflows equivalent to 2.8 percent of its AUM, up from 3.1 percent in net December outflows. Other big January inflows winners included: BBD, 2.5 percent (up from 1.8 percent); First Trust, 2.5 percent (up from 1.7 percent); Edgewood, 2.4 percent (up from 0.3 percent); and WCM, 2.4 percent (up from 2.1 percent).

On the flipside, January was another rough month for Harris' Oakmark, which suffered an estimated $1.612 billion in net outflows, more than any other midsize fund firm and up from $1.219 billion in December. Other big January outflows sufferers included: Harbor, $715 million (up from $498 million); Resolute's American Beacon, $631 million (down from $640 million); Primecap, $578 million (down from $609 million); and Macquarie, $540 million (up from $462 million).

Proportionately, AIG led the midsize outflows pack last month, suffering estimated net January outflows equivalent to 3.7 percent of its AUM, up from 2.4 percent in December. Other big January outflows sufferers included: American Beacon, 2.5 percent (up from 2.4 percent); Oakmark, 2.4 percent (up from 1.7 percent); FMI, 2.2 percent (up from 1.4 percent); and Carillon Tower, 2.1 percent (up from 1.6 percent).

As a group, the 79 midsize fund firms brought in an estimated $2.357 billion in net January inflows, equivalent to 0.08 percent of their combined AUM and up from $5.483 billion in net December outflows. Midsize fund firms accounted for 2.83 percent of net industry inflows in January.

Across the entire industry, the 767 fund firms tracked by the M* team brought in a combined $83.274 billion in net January inflows, equivalent to 0.4 percent of industry AUM and up from $67.673 billion in December. Passive funds brought in an estimated $65.959 billion in net inflows in January (down from $72.573 billion in December), while active funds brought in $17.315 billion in net inflows (up from $5.009 billion in net outflows. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. WE Pacific NW - Year-End Holiday Social and Chapter Leadership Drive, December 5
  2. WE South - A Deep Dive Into the Offshore Ecosystem, December 6
  3. MFDF webinar - Unique Oversight Considerations For ETFs, December 6
  4. Stradley Ronon's Financial Services Regulatory Workshop, December 6
  5. MMI webinar - From an Idea to a Movement: Choosing Self-Confidence + Finding Our Strengths, December 7
  6. SEC Investor Advisory Committee Meeting, December 7
  7. MMI webinar - Make Your Money Work For You, December 12
  8. MFDF In Focus: Impacts of SCOTUS Affirmative Action Decision on Fund Boards and Industry Diversity Efforts, December 12
  9. P&I Best Places to Work In Money Management - The Future of Asset Management, December 12
  10. MFDF webinar - Investment Valuation and Governance: Deloitte's 21st Annual Fair Valuation Pricing Survey, December 13
  11. MFDF Director Discussion Series - Open Forum via Zoom, December 14
  12. MFDF 2024 Directors' Institute, January 22 - 24, 2024
  13. 2024 ICI Innovate, February 6 - 8, 2024
  14. The Advyzon Conference, February 20 - 22, 2024
  15. Raymond James 2024 Annual Shareholders Meeting, February 22, 2024
  16. MFDF 2024 Fund Governance & Regulatory Insights Conference, March 7 - 8, 2024
  17. Nicsa 2024 Strategic Leadership Forum, March 13 - 15, 2024
  18. 2024 MMI Summit, March 13 - 14, 2024
  19. Women In ETFs 10-Year Anniversary Celebration, March 14, 2024
  20. Wealth Management Edge 2024, May 13 - 16, 2024
  21. MFDF Conference of Fund Leaders Forum, June 5, 2024
  22. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20, 2024
  23. Morningstar Investment Conference Conference 2024, June 26 - 27, 2024
  24. 2024 MMI Annual Conference, October 15 - 17, 2024




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use